HomeNews2018 US inflation likely to have highest annual rate in 7 years.

2018 US inflation likely to have highest annual rate in 7 years.

Posted by Adam King onJuly 25, 2018

The US is heading toward the highest rate of inflation since 2011 when the monthly average was 3.9%. We have spent the last 7 years with relatively low inflation according to US government statistics. In fact June’s 2018 monthly rate of 2.9 percent is unmatched as far back as February of 2012. The graph below displays monthly inflation rates and the annual average from January 2011 through June of 2018.

Year

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Ave

2018

2.1

2.2

2.4

2.5

2.8

2.9

2017

2.5

2.7

2.4

2.2

1.9

1.6

1.7

1.9

2.2

2.0

2.2

2.1

2.1

2016

1.4

1.0

0.9

1.1

1.0

1.0

0.8

1.1

1.5

1.6

1.7

2.1

1.3

2015

-0.1

0.0

-0.1

-0.2

0.0

0.1

0.2

0.2

0.0

0.2

0.5

0.7

0.1

2014

1.6

1.1

1.5

2.0

2.1

2.1

2.0

1.7

1.7

1.7

1.3

0.8

1.6

2013

1.6

2.0

1.5

1.1

1.4

1.8

2.0

1.5

1.2

1.0

1.2

1.5

1.5

2012

2.9

2.9

2.7

2.3

1.7

1.7

1.4

1.7

2.0

2.2

1.8

1.7

2.1

2011

1.6

2.1

2.7

3.2

3.6

3.6

3.6

3.8

3.9

3.5

3.4

3.0

3.2

The source of the above data is USinflationcalculator.com

With inflation on the rise many analyst are expecting increased prices and the reemergence of the retail side of the market.